U.S. GDP rises 4.1% in Q3

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Source: RTT News
Performance of the world's largest economy improved in the three months to September mainly due to a steep increase in non-residential fixed investment and consumer spending, a report revealed by the Commerce Department showed on Friday. According to the report, the U.S. GDP advanced 4.1% in the Q3 compared to 3.6% gain originally forecast.

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Mon, 23 Dec 2013 06:56:03 GMT

EU debt ratings lowered by S&P

The European Commission disagrees with Standard & Poor's as the rating agency lowered the EU sovereign debt earlier on Friday citing overall creditworthiness deterioration after it stress-tested the Budget. The sovereign debt rating of the European Union was cut by the agency from the highest ‘AAA' rating earlier today.

Mon, 23 Dec 2013 06:34:03 GMT

U.S. Dollar rises on strong economic data in Q3

The U.S. Dollar strengthened on Friday hitting the strongest level in five years against the Japanese Yen and was set to record the best weekly performance since November after a government data unveiled that the U.S. economy grew by 4.1% in the third quarter. The so-called Greenback advanced 0.2% ti 104.42 after reaching the most since October 2008 at 104.64

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